Since last week's podcast, the two biggest names in the presidential race announced their campaigns. Jeb Bush kicked his campaign off with an announcement in Florida, where he showed off his bilingual cred, and on a trip to New Hampshire, where he talked tax reform. Does this strong showing mark a rebound that lasts? Meanwhile, Hillary Clinton relaunched her candidacy, tying herself to Franklin Roosevelt's legacy but avoiding any talk about foreign policy. Kristin, Tim, and Josh dissect these developments and debate what Bernie Sanders' momentum means, which B-list Republican has a chance to matter, and how much of a headache Donald Trump will become for the GOP.